As @Mike9241 stated above, We do not address legal issues, However, a 1099-C may represent a taxable income.
The 1099-C is forgiveness of debt, and it can increase your taxes.
The procedure below is not for home foreclosure forgiveness of dept like credit card debt.
To post a 1099-C
- Log into TurboTax
- Go to Wages & Income
- Scroll to Less Common Income
- Select Miscellaneous Income, 1099-A, 1099-C
- Scroll down to Other reportable income
- Any Other Taxable Income? Yes
- Enter the value on the 1099-C
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